Millionaire.com (OTC BB:MLRE) --Realistic expectations Message Board

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Non-Tech : Millionaire.com (OTC BB:MLRE) --Realistic expectations

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To: Wayne Rumball who wrote (111)	12/20/1998 9:22:00 PM
From: Smiley	Read Replies (1) of 132

I focused on this stock because a man I interviewed that is now a millionaire himself told me years ago that the way to make money in the stock market is one way: Purchase a large number of shares. I know that's obvious to you, but he said buy low-priced stocks (he said under $50) in large quantities and make $2 or $3 off it and sell it. Pocket the money and move on. He never bought anything over $50. I see his thinking. Invest $20,000 in AMZN and see it rise $10. What have you made? You can only buy 70 shares for your $20,000, so you made $700. However, you purchase $20,000 of an $8 stock, you get 2500 shares. It goes up only 50 cents and your way ahead of that $10 run. Forgive me if I am too basic in this, but this was the advice from a rich man that now "plays" with $100,000 with internut stocks. I don't want to offend anyone. His other advice, take a fair profit and wait for another opportunity,. He said if I made more money on a stock in one day than I made at work, consider it a success and move on. Greed is a terrible emotion to overcome.

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